This article is from the Australian Property Journal archive
HOMEBUILDER Metricon is selling a 160ha site at its Altitude Living master planned residential community in the Tweed region on the New South Wales Queensland border.
The offering at 37 Fraser Drive, 93 Parkes Lane, 14, 126, 140 and 153 Mahers Lane, 412 and 512 Terranora Rd Terranora, is being marketed by Ray White Special Projects’ Mark Creevey, Tony Williams and Matthew Fritzsche.
Creevey said the site, which is the balance of the Altitude Living project, is one of the most significant residential development opportunities.
“This 1000-plus lot residential estate is in a highly sought-after locality with limited supply and competition.
“It is coming onto the market at a time of strong activity in the South East Queensland residential land market, particularly in the southern Gold Coast region where opportunities such as this are extremely rare,” Creevey said.
Williams said Altitude Living is a premium estate with proven retail pricing and strong sales results.
“There is an opportunity here to increase the overall product yield through densification and product differentiation.
“The developers have already made a significant investment in the provision of services and infrastructure and the presentation of the initial Aspire precinct,” he added.
Fritzsche said the estate offers panoramic views to the Pacific Ocean, the Gold Coast skyline, Terranora Creek and hinterland.
Australian Property Journal
